4 out of 5 dentists recommend this WordPress.com site

Main menu

It is reported that Brazil Vale Shipping Holdings Pte Ltd alongwith the Subic Bay Metropolitan Authority has formally launched apartnership for the transshipment of iron ore from this free port. In a ceremony held recently at the Lighthouse Marina Resort here,VSH executives led by Mr Jose Carlos Martins executive officer forferrous minerals operations and officials of the SBMA led byChairman and Administrator Mr Roberto Garcia announced the start ofVale transshipment business here. The company will carry out iron ore transshipment operations fromits Valemax mother vessel to be anchored in Subic Bay and thensupply ore to smaller daughter vessels or feeders which are eitherPanamax or Capesize types. The project is expected to boost Subicport revenues by up to P70 million in the first year of operationsalone. In his message during the project launch, Mr Martins thanked theSBMA for its warm reception of the project and expressed hope thatthe partnership between his company and the SBMA would continue togrow and benefit both the Philippines and Brazil. Stainless Steel Seamless PipesStainless Steel Welded Pipes

Martins noted that “The Philippines is growing now at almostthe same pace with China and the Philippines is emerging in theworld economy, adding that “with this opportunity, now is ourtime now is the time for countries like Brazil and thePhilippines.” Meanwhile, Mr Garcia said the Vale project will help boost thePhilippine maritime industry and stressed its importance to theSBMA. He said that “In our strategic plan, we were verydead-set in continuing to promote the maritime business and theVale project is an important pillar of our strategy to maximize theuse of Subic Bay.” Mr Garcia added “We have a very good future here, pointingout that the Philippines is in a current state of rapiddevelopment, having achieved a 6.4% GDP growth rate this firstquarter compared to 4% last year.” He added that “And what is outstanding is the fact that it isthe second highest growth rate in the region, second only toChina.” For his part, SBMA director and Treasurer Mr Joven Reyes said theagency is much honoured that VSH had chosen Subic Bay as its majortransshipment port. He said that “We hope even more that your business continuesto move from success to success and that this partnership, which weare officially launching today, would lead to better and greaterdevelopments for Vale, Subic Bay, and of course our country downthe road.” The Vale project began in late 2010 when SBMA and Vale proposed asolution that matched Vale’s transshipment operations modelwith SBMA logistics business model. Source – zambotimes. Duplex Stainless Steel Pipe Manufacturer